County's home sales up nearly 6 percent in February

Closed sales on single-family homes and condominiums in Whatcom County increased 5.59 percent in February, compared to the same month last year, according to the latest report from the Northwest Multiple Listing Service.

NMLS brokers in Whatcom County reported 151 closed sales that month, compared to 143 closings in February 2013.

Fewer Whatcom County homes were placed on the market in February of this year, according to the report. There were 269 new listings in February, down 24.23 percent from the same month last year.

Cold-weather months typically see less housing market activity than warmer months later in the year.

The average price of closed home sales was $256,727, a 2.97 percent increase. But the county’s median sales price in February fell 4.93 percent, to $222,000.

Housing inventory in Whatcom County, which stood at 7.52 months in Feburary, was above the regional average of 4.59 months.

By The Numbers

Closed sales

Units: 151 (5.59 percent increase)

Average closing price: $256,727 (2.97 percent increase)
Median closing price: $222,000 (4.93 percent decrease)

Pending sales

Units: 231 (9.77 percent decrease)

Average list price: $273,039 (0.44 percent increase)
Median list price: $240,000 (o.13 percent increase)

Active listings

New: 269 (24.23 percent decrease)
Total: 1,136 (2.07 percent decrease)

Average price: $373,477 (1.72 percent increase)
Median price: $284,900 (5.91 percent increase)

Figures in parentheses indicate percentage increase/decrease compared to February 2012. 

Source: Northwest Multiple Listing Service

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